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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 557.0 $ 532.0
Accounts receivable, net 793.2 815.4
Inventories, net 323.2 373.6
Prepaid expenses and other 203.6 136.8
Total current assets 1,877.0 1,857.8
Property, plant and equipment, net 2,163.8 2,358.4
Deferred income taxes 107.8 64.1
Goodwill 185.7 699.1
Other intangible assets, net 780.7 864.5
GM postretirement cost sharing asset 237.0 223.3
Operating lease right-of-use assets 116.6 118.5
Other assets and deferred charges 447.7 458.9
Total assets 5,916.3 6,644.6
Current liabilities    
Current portion of long-term debt 13.7 28.7
Accounts payable 578.9 623.5
Accrued compensation and benefits 170.9 154.4
Deferred revenue 23.4 18.9
Current portion of operating lease liabilities 22.6 21.8
Accrued expenses and other 169.8 179.1
Total current liabilities 979.3 1,026.4
Long-term debt, net 3,441.3 3,612.3
Deferred revenue 91.0 83.7
Deferred income taxes 13.2 19.6
Long-term portion of operating lease liabilities 94.4 96.7
Postretirement benefits and other long-term liabilities 923.9 825.5
Total liabilities 5,543.1 5,664.2
Stockholders' equity    
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2020 or 2019 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2020 or 2019 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 121.3 million and 120.2 million shares issued as of December 31, 2020 and December 31, 2019, respectively 1.2 1.2
Paid-in capital 1,333.3 1,313.9
Retained earnings (Accumulated deficit) (319.8) 248.6
Treasury stock at cost, 8.0 million shares in 2020 and 7.6 million shares in 2019 (212.0) (209.3)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (311.0) (259.9)
Foreign currency translation adjustments (101.1) (101.2)
Unrecognized loss on cash flow hedges, net of tax (20.1) (15.7)
Total AAM stockholders' equity 370.5 977.6
Noncontrolling interests in subsidiaries 2.7 2.8
Total stockholders' equity 373.2 980.4
Total liabilities and stockholders' equity $ 5,916.3 $ 6,644.6